Nikki Newton is appointed president of Ivy Distributors Inc.; John Hancock Retirement Plan Services forms a new leadership team charged with enhancing the delivery of large customized retirement plans.
Throughout the complaint, the plaintiff alleges that the plan’s fiduciaries’ lack of a systematic and unbiased review process caused participants to pay an unnecessarily high expense ratio for both Wells Fargo proprietary investments and nonproprietary investments.
INSIDE THE MAGAZINE PLANSPONSOR October 2017
New research shows that funding status has little correlation with a pension fund’s ability to pay its promised benefits, and NCPERS urges policymakers to stop trying to shut down public pensions.
The request regards distress terminations and PBGC-initiated terminations of DB plans.
ICI also reports DC plan participants remained committed to investments and contributions.
The guidance for ERISA retirement and health plans follows relief provided by the IRS.
IRS compliance questions have been removed from the form.
“I work for a denominational church plan sponsor. Our plan permits contract exchanges (we have some inactive vendors in the plan to which we permit transfers to the active vendor), but not plan-to-plan transfers.
A survey also found employees have fears about potential changes to health care policy coming out of Washington.
Today, only 69% of assets in retirement plans are in actively managed funds, down significantly from 84% in 1996.
In the new complaint, participants attempt to offer more evidence for claims that were dismissed in another pending lawsuit.
The first step, AB says, is to replace TDFs from recordkeepers with open architecture, next-gen TDFs.
The DOL alleged in all three cases that the firm approved transactions without undertaking the due diligence required of an ERISA fiduciary.